In the first quarter of 2011, Taiwan’s fasteners exported to the EU had a record high, and exports to the United States declined.
Although the major earthquakes in Japan have caused uncertainties in the development of the global economy, coupled with the high unemployment rate in developed countries such as Europe and the United States, the International Monetary Fund (IMF) in 2011 was driven by the demand of emerging economies. The "Global Economic Outlook Report" released this month pointed out that the global economy is still in a sustained recovery, and the global economic growth rate is expected to be 4.4% in 2011 and 4.5% in 2012.
The United States market. The pace of economic recovery in the United States was slow. In the first quarter of 2011, the amount of fasteners imported from the United States increased by 21% compared with the same period of 2010, but it fell by 26% compared with the same period in 2008. In the first quarter of 2011, the total amount of fasteners exported from Taiwan to the United States increased by 13% compared with the same period in 2010, but it was down by 8% compared to the same period in 2008. The fasteners exported from Taiwan to the United States have not yet recovered. Level before the financial crisis.
EU market. Although the euro market economy continues to recover, but influenced by the European sovereign debt crisis, the manufacturing confidence index is flat and the economic recovery is not strong. However, due to the EU's anti-dumping measures on fasteners originally produced in mainland China, Taiwan’s fasteners exported to the EU continue to show growth. After December 2004, the total number of fasteners exported from Taiwan to the EU reached 44,000 metric tons. In March 2011, the total number of fasteners exported from Taiwan to the EU reached a record high of 48,000 metric tons. In the first quarter of 2011, the total number of fasteners exported from Taiwan to the EU increased by 24% over the same period of last year.
In terms of average unit price. In the first quarter of 2011, the average unit price of fasteners exported from Taiwan to the United States was 71.3 yuan/kg, which was lower than the average annual price of 72.4 yuan/kg in 2010; the average unit price of exports to the EU was 75.1 yuan/kg, slightly lower than 2010 The annual average price is 75.5 yuan/kg.
In the first quarter of 2011, with the continued recovery of the global economy, the total value of Taiwan's fastener exports reached NT$26.5 billion in the first quarter of 2011, setting a new record for the same period of the calendar year and an increase of 22% over the same period in 2010. %. The total export volume reached 337,000 metric tons, an increase of 17% year-on-year. In terms of export average unit price, the average unit price for Taiwan's exports in the first quarter of 2011 was 78.4 yuan/kg. In terms of imports, Taiwan’s imports of fasteners totaled NT$1 billion in the first quarter of 2011, a 12% increase over the same period of last year.
In terms of import and export countries, the top five exporters in Taiwan in the first quarter of 2011 were the United States, Germany, the Netherlands, Japan, and the United Kingdom, which increased by 34%, 10%, 6%, 6%, and 4%, respectively. Among them, the average unit price for export to Japan was the highest, at 92 yuan/kg, and the remaining four countries were at 71 to 80 yuan/kg. The top five importers in Taiwan in the first quarter were Japan, the United States, Germany, China, and the Philippines. The import value increased by 57%, 9%, 7%, 6%, and 5%, respectively.
(II) EU anti-dumping sunset investigation on stainless steel screws in Taiwan The product codes for the involved products were: 73181410, 73181530, 73181551, 73181561, 73181570. The EU’s imports of these six products over the years and their share of anti-dumping duties are shown in Table 2.
In 2010, the EU’s total imports of the above six products totaled 79,000 metric tons. The main importing countries were India (accounting for 28% of total imports), the Philippines (20%), Malaysia (12%), Switzerland (8%), and Taiwan ( 8%), as well as other countries such as China (4%), Vietnam (3%), Indonesia (2%), while Thailand accounts for less than 1%.
If the case is referred to during the midterm review, the possibility of taxation will be reduced; if there is no mention of the review, there are two possibilities: First, the EU continues to impose anti-dumping duties at the original rate, and second, it stops the anti-dumping duties. With all the advantages and disadvantages, the industry should actively cooperate with the investigation and help the EU to make a correct judgment on Taiwan products.
Looking forward to 2011, despite the fact that Japan’s large earthquake has caused some global industrial chains into chaos, combined with slowing economic growth in Europe and the United States to slow down the pace of global economic recovery, the policy of boosting domestic demand in China and the demand in Asia, such as China and India, remains strong. Driven by the increase in manufacturers' inventories, the global manufacturing industry will continue to show growth. The outlook for the fastener industry is still relatively optimistic.
At present, in addition to the slower recovery in the United States, the major export markets in Taiwan, the EU and ASEAN markets have shown significant growth. The remaining markets have even returned to pre-crisis levels. It is worth pointing out that Taiwan exported 1.21 million metric tons of fasteners in the first quarter, which is equivalent to the amount exported to the United States. It can be seen that the business opportunities in the EU market are considerable, and those in the fastener industry should actively obtain CE certification in order to facilitate the future development of the EU market.
It is estimated that Taiwan’s fastener export value in 2011 is expected to reach NT$118 billion, an increase of 15% from the year-ago period in 2010, and the output value will hit a record high, reaching NT$127 billion.
The current problems faced by Taiwan's fastener industry (I) After the earthquake, Taiwan’s fastener exports to Japan are expected to increase the annual production of fasteners in Japan by about 3 million metric tons, and there will be about 1,600 fastener companies, with about 39 employees. 000 people, mainly SMEs, up to 76% of the number of fastener company employees in 20 or less. In recent years, Japan’s fastener imports have remained stable. In addition to the sharp decrease in imports of fasteners from Japan in the wake of the financial turmoil in 2009, Japan’s fastener imports have remained below 290,000 metric tons, as shown in Figure 2. Japan's major imports are concentrated in three countries and regions: China, Taiwan, and South Korea, which account for 70%, 20%, and 4% of its imports, respectively. The three countries together accounted for over 90% of Japan's total imports. The amount of fasteners imported from Taiwan remains around 60,000 metric tons. After the Great Earthquake in Japan, Japan's regional power cuts have affected the original order of its industrial production and industrial supply chains; in addition, reconstruction work will drive the demand for fasteners and then increase imports. Therefore, Japan’s future imports of fasteners from China, Taiwan and South Korea are expected to increase.
At present, there are already shortages in the supply of supply chains in some parts of the world. If Taiwan manufacturers have received requests for inquiries, they should give priority to meeting their needs in order to facilitate the entry into the supply chain in the future.
Although the major earthquakes in Japan have caused uncertainties in the development of the global economy, coupled with the high unemployment rate in developed countries such as Europe and the United States, the International Monetary Fund (IMF) in 2011 was driven by the demand of emerging economies. The "Global Economic Outlook Report" released this month pointed out that the global economy is still in a sustained recovery, and the global economic growth rate is expected to be 4.4% in 2011 and 4.5% in 2012.
The United States market. The pace of economic recovery in the United States was slow. In the first quarter of 2011, the amount of fasteners imported from the United States increased by 21% compared with the same period of 2010, but it fell by 26% compared with the same period in 2008. In the first quarter of 2011, the total amount of fasteners exported from Taiwan to the United States increased by 13% compared with the same period in 2010, but it was down by 8% compared to the same period in 2008. The fasteners exported from Taiwan to the United States have not yet recovered. Level before the financial crisis.
EU market. Although the euro market economy continues to recover, but influenced by the European sovereign debt crisis, the manufacturing confidence index is flat and the economic recovery is not strong. However, due to the EU's anti-dumping measures on fasteners originally produced in mainland China, Taiwan’s fasteners exported to the EU continue to show growth. After December 2004, the total number of fasteners exported from Taiwan to the EU reached 44,000 metric tons. In March 2011, the total number of fasteners exported from Taiwan to the EU reached a record high of 48,000 metric tons. In the first quarter of 2011, the total number of fasteners exported from Taiwan to the EU increased by 24% over the same period of last year.
In terms of average unit price. In the first quarter of 2011, the average unit price of fasteners exported from Taiwan to the United States was 71.3 yuan/kg, which was lower than the average annual price of 72.4 yuan/kg in 2010; the average unit price of exports to the EU was 75.1 yuan/kg, slightly lower than 2010 The annual average price is 75.5 yuan/kg.
In the first quarter of 2011, with the continued recovery of the global economy, the total value of Taiwan's fastener exports reached NT$26.5 billion in the first quarter of 2011, setting a new record for the same period of the calendar year and an increase of 22% over the same period in 2010. %. The total export volume reached 337,000 metric tons, an increase of 17% year-on-year. In terms of export average unit price, the average unit price for Taiwan's exports in the first quarter of 2011 was 78.4 yuan/kg. In terms of imports, Taiwan’s imports of fasteners totaled NT$1 billion in the first quarter of 2011, a 12% increase over the same period of last year.
In terms of import and export countries, the top five exporters in Taiwan in the first quarter of 2011 were the United States, Germany, the Netherlands, Japan, and the United Kingdom, which increased by 34%, 10%, 6%, 6%, and 4%, respectively. Among them, the average unit price for export to Japan was the highest, at 92 yuan/kg, and the remaining four countries were at 71 to 80 yuan/kg. The top five importers in Taiwan in the first quarter were Japan, the United States, Germany, China, and the Philippines. The import value increased by 57%, 9%, 7%, 6%, and 5%, respectively.
(II) EU anti-dumping sunset investigation on stainless steel screws in Taiwan The product codes for the involved products were: 73181410, 73181530, 73181551, 73181561, 73181570. The EU’s imports of these six products over the years and their share of anti-dumping duties are shown in Table 2.
In 2010, the EU’s total imports of the above six products totaled 79,000 metric tons. The main importing countries were India (accounting for 28% of total imports), the Philippines (20%), Malaysia (12%), Switzerland (8%), and Taiwan ( 8%), as well as other countries such as China (4%), Vietnam (3%), Indonesia (2%), while Thailand accounts for less than 1%.
If the case is referred to during the midterm review, the possibility of taxation will be reduced; if there is no mention of the review, there are two possibilities: First, the EU continues to impose anti-dumping duties at the original rate, and second, it stops the anti-dumping duties. With all the advantages and disadvantages, the industry should actively cooperate with the investigation and help the EU to make a correct judgment on Taiwan products.
Looking forward to 2011, despite the fact that Japan’s large earthquake has caused some global industrial chains into chaos, combined with slowing economic growth in Europe and the United States to slow down the pace of global economic recovery, the policy of boosting domestic demand in China and the demand in Asia, such as China and India, remains strong. Driven by the increase in manufacturers' inventories, the global manufacturing industry will continue to show growth. The outlook for the fastener industry is still relatively optimistic.
At present, in addition to the slower recovery in the United States, the major export markets in Taiwan, the EU and ASEAN markets have shown significant growth. The remaining markets have even returned to pre-crisis levels. It is worth pointing out that Taiwan exported 1.21 million metric tons of fasteners in the first quarter, which is equivalent to the amount exported to the United States. It can be seen that the business opportunities in the EU market are considerable, and those in the fastener industry should actively obtain CE certification in order to facilitate the future development of the EU market.
It is estimated that Taiwan’s fastener export value in 2011 is expected to reach NT$118 billion, an increase of 15% from the year-ago period in 2010, and the output value will hit a record high, reaching NT$127 billion.
The current problems faced by Taiwan's fastener industry (I) After the earthquake, Taiwan’s fastener exports to Japan are expected to increase the annual production of fasteners in Japan by about 3 million metric tons, and there will be about 1,600 fastener companies, with about 39 employees. 000 people, mainly SMEs, up to 76% of the number of fastener company employees in 20 or less. In recent years, Japan’s fastener imports have remained stable. In addition to the sharp decrease in imports of fasteners from Japan in the wake of the financial turmoil in 2009, Japan’s fastener imports have remained below 290,000 metric tons, as shown in Figure 2. Japan's major imports are concentrated in three countries and regions: China, Taiwan, and South Korea, which account for 70%, 20%, and 4% of its imports, respectively. The three countries together accounted for over 90% of Japan's total imports. The amount of fasteners imported from Taiwan remains around 60,000 metric tons. After the Great Earthquake in Japan, Japan's regional power cuts have affected the original order of its industrial production and industrial supply chains; in addition, reconstruction work will drive the demand for fasteners and then increase imports. Therefore, Japan’s future imports of fasteners from China, Taiwan and South Korea are expected to increase.
At present, there are already shortages in the supply of supply chains in some parts of the world. If Taiwan manufacturers have received requests for inquiries, they should give priority to meeting their needs in order to facilitate the entry into the supply chain in the future.
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